花旗:英伟达业绩影响分析:Blackwell 架构强劲扩张,迈入Rubin周期

Tasha大行投研...
Mar 02

花旗观点英伟达刚刚发布了其 1 月季度财报,并对即将到来的Rubin产品周期给出了积极展望。尽管部分投资者对 Rubin 的量产时间表和初始良率持怀疑态度,但英伟达重申,该芯片已进入大规模量产阶段,系统机架将在 2026 年下半年大幅放量。不过我们认为,2026 年的大部分出货量仍将是 GB200 系统,搭载超过 6 万颗 NVL72 芯片;Rubin 系统将在明年延续强劲增长势头。我们继续看好...

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